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Blackstone, Gaw Capital mull bids for Ascendas Hospitality Trust

Friday, January 8, 2016 - 05:50

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Private equity investors Blackstone Group LP and Gaw Capital Partners are weighing separate bids for Singapore's Ascendas Hospitality Trust, people familiar with the matter said, eyeing a target with a market value of US$600 million.

Singapore

PRIVATE equity investors Blackstone Group LP and Gaw Capital Partners are weighing separate bids for Singapore's Ascendas Hospitality Trust, people familiar with the matter said, eyeing a target with a market value of US$600 million.

The potential offers are being

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